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Back 5 Leicester Street
Off Market

5 Leicester Street

North East Valley Otago

420 m²
Land
Matt MortonMatt Morton, last sold this property on 24 October 2025 after 610 days on market.

Overview

Sun-Drenched Potential

In the quiet surrounds of North East Valley, this north facing and sun-drenched 420 sqm (more or less) section is ready for a new owner to build to their desired taste and specifications. Our motivated Vendor has priced this below market to help a buyer into their next development. The profile falls away from the road and flattens out towards the rear of the section, allowing for a multitude of building designs that could allow for almost every room in the property to take in the views and sunlight. Due to the zoning, multiple dwellings are an option if you wanted to look for income options on rental property, or simply extra boarders, or extended family for multi-generational living. Work from home options are also popular with a dedicated home office designed into your new home. The Vendor has a design concept in place with top floor garaging, multiple rooms with ensuites and high-detailed construction to maximise the potential of this property. New build properties offer a lot of advantages due to fresh design ideas, plus warmth, health and comfort. Investors gain favourable tax advantages and this location and outlook is sure to attract the best of tenants. Send an online enquiry to receive a full Matt Morton & Co Information Memorandum and additional property documentation. Please contact me for a further discussion or to arrange a viewing appointment once the information has been reviewed.

Features

420 m² lot size
Land

Estimated Value

We need at least 3 similar land plots sold in North East Valley over the last 12 months.

Property history for 5 Leicester Street

2025
Sold
24 Oct 2025 by Matt Morton, of Matt Morton & Co (MATT MORTON & CO LIMITED)

Happy sellers in North East Valley

88%
88% of sellers in North East Valley reported that their sale price either exceeded or met their price expectations.

North East Valley stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 29 reviews in North East Valley over the last 12 months.

Local market activity for land plots in North East Valley

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in North East Valley

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Bridget Smith

Bridget Smith is a recommended agent for North East Valley.  They have 4 local sales and collected 7 local reviews across the last 12 months.

  •   5   (28 reviews)
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  •  4 Sales in North East Valley
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Ganesh Rout

Sellers who recommend Ganesh Rout have praised them for being clear communication, local expert, responsive, supportive, friendly, honest and reliable

  •   5   (443 reviews)
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Pam Mulder

Sellers who recommend Pam Mulder have praised them for being clear communication, local expert, friendly, supportive, responsive, honest and reliable

  •   5   (165 reviews)
  •  4 Reviews in North East Valley
  •  2 Sales in North East Valley
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Andrew Berryman

Sellers who recommend Andrew Berryman have praised them for being clear communication, local expert, friendly, responsive, honest, supportive and trustworthy

  •   5   (246 reviews)
  •  3 Reviews in North East Valley
  •  2 Sales in North East Valley
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